This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $111k initial cash invested.
-2.92%
Cash On Cash
6.3%
Cap Rate
0.96
DSCR
$4,184
Rent
-$270
Cashflow
Cash Flow
$4,184 income − $4,454 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,360
Closing costs
1%
$4,418
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,184
Total Expenses
$4,454
Mortgage P&I
58%
$2,422
Property Taxes
10%
$412
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460